The market is up today, with most major cryptos looking positive. Cardano (ADA) is outstripping most of them with gains of 17.25%, bringing the ADA rate to $0.6211. The question is how long is that going to last before Cardano loses steam?

A Look at Cardano’s Recent Performance

Cardano is leading the way for the major cryptos today, and it actually spiked as much as 25% over the last few days, but it is starting to head back down already today.

Cardano began rising over the weekend and continued steadily from there, reaching its highest rate since the beginning of the month. Compare that to something like Bitcoin, which is also seeing about the same rates it saw at the beginning of the month, but Bitcoin hasn’t dropped as low as Cardano. The ADA success story here is that even though the ADA rate fell very low this month, it has recovered fully and could be pushing higher over the next few days.

As you might imagine, Cardano’s trade volume has risen massively, and it is up 245.13% over the last 24 hours. That brings its trade volume to $2,857,050,208.96 in that same period, which is really healthy for this crypto.

When to Invest in Cardano?

If you are looking to invest in a rising crypto and make a tidy profit, Cardano might not be the best option right now. It may have crested already, meaning that it is very likely to fall after the huge gains it made recently. Investing now could mean that you will have a hard time making your money back in the short term. The larger market is experiencing some of the most difficult times and lowest rates for the year.

Cardano could go higher, but as much as at has gained already, it is unlikely to shoot much higher than that. It would be better to hold on and invest when it dips. There is a good chance that it will come back to where it is now in the coming weeks, if it does dip down.

Cardano had a low of $0.407 recently, and while it may not reach that low again anytime soon, you should wait for a rate closer to that mark to invest.